iShares Global Energy ETF (NYSEARCA:IXC) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its holdings in iShares Global Energy ETF (NYSEARCA:IXC) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,311 shares of the company’s stock after selling 5,140 shares during the quarter. Pinnacle Associates Ltd. owned about 0.08% of iShares Global Energy ETF worth $2,437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IXC. Envestnet Portfolio Solutions Inc. raised its stake in iShares Global Energy ETF by 8.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,148,800 shares of the company’s stock worth $49,341,000 after acquiring an additional 87,178 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in iShares Global Energy ETF by 14,234.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 778,499 shares of the company’s stock worth $32,315,000 after acquiring an additional 773,068 shares during the last quarter. Evergreen Capital Management LLC raised its stake in iShares Global Energy ETF by 2.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 596,388 shares of the company’s stock worth $24,756,000 after acquiring an additional 15,361 shares during the last quarter. Cetera Investment Advisers raised its stake in iShares Global Energy ETF by 173.6% in the 1st quarter. Cetera Investment Advisers now owns 586,992 shares of the company’s stock worth $25,211,000 after acquiring an additional 372,411 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in iShares Global Energy ETF in the 2nd quarter worth $22,940,000.

iShares Global Energy ETF Stock Performance

NYSEARCA IXC opened at $40.22 on Friday. The stock has a 50-day simple moving average of $41.03 and a two-hundred day simple moving average of $41.68. The firm has a market capitalization of $3.31 billion, a P/E ratio of 7.86 and a beta of 0.52. iShares Global Energy ETF has a fifty-two week low of $37.02 and a fifty-two week high of $45.22.

About iShares Global Energy ETF

iShares Global Energy ETF (the Fund), formerly iShares S&P Global Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global Energy Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index, and measures the performance of companies that S&P deems to be part of the energy sector of the economy.